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Tax-Free Childcare - Make sure you know what to do - EA Assist
EA Assist Ltd offers payroll and bookkeeping services throughout Norfolk and Suffolk. We provide a complete payroll service including CIS, RTI and Auto-enrolment along with Bookkeeping, VAT and Cloud accounting services.
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Tax-Free Childcare – Make sure you know what to do

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11 Feb Tax-Free Childcare – Make sure you know what to do

Posted at 10:47h in Other by

Tax-Free Childcare payments

HMRC have made it it easier for parents to pay for the childcare they use with Tax Free Childcare.

As an example, if a parent makes a deposit into their Tax-Free Childcare account by bank transfer or standing order:

  • it should take only 2 hours for the payment to reach their childcare account any government ‘top up’ automatically will be added automatically
  • they can use the money to pay their childcare provider as soon as it shows as ‘available funds’.

If they pay their childcare provider:

  • before 2.30pm, it’ll reach their provider’s account the same day
  • after 2.30pm, or at the weekend or on a bank holiday, it’ll arrive in their account the next working day.

Some parents are still missing out on Tax-Free Childcare. HMRC have asked that all employees speak to their employees about Tax-Free Childcare to see if they can help.

If you struggle with your payroll function then please get in touch on 01379 646943 or email info@ea-assist.co.uk. To find out more about our payroll solutions visit our webpage here.

 

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